About Milk Heater
The Milk Heater market is expected to grow in the future due to the rising demand for Energy-efficient heaters and technological development in the milk heater. Furthermore, growth in the e-commerce industry booting the demand for milk heaters.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Milk Heater market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Philips (United Kingdom), Medela (Switzerland), Ameda (United States), Dr. Brown's (United Kingdom), NUK (United Kingdom), Tommee Tippee (United Kingdom) and Guangzhou Wandai Technology Limited (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Milk Heater market by Type (Standard Milk Warmer and Double Bottle Milk Warmer), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Milk Heater has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Milk Heater market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Development in the Milk Heater
Market Growth Drivers:
Continuously Evolving Consumer Lifestyles and Growing demand for Energy-efficient Milk Heater
Challenges:
Availability of Numerous Substitutes
Restraints:
Volatile Demand and Continuously Changing Consumer Preferences
Opportunities:
Rapid Urbanization and Advancing Product Customization and Growing Electrification Rate
Market Leaders and their expansionary development strategies
In October 2022, Yili Group-owned Westland Milk has announced the acquisition of fellow dairy business, Canary Foods. The acquisition would give the Waikato-based dairy manufacturer more opportunities for expansion and to access global markets.
In January 2024 , DREO, a rising smart home brand pioneering AIOT appliances in the air comfort and kitchen categories announces the debut of two new product series at CES 2024. The MultiComfort series is being added to its Air Comfort category, where all the products will be multi-functional, and a new Drink & Beverage series will be added to its Kitchen Appliance category.
Key Target Audience
Manufacturers of Household Appliances, Suppliers of Household Appliances, Wholesalers, Distributors and Retailers of Household Appliances, Consumer Electronics Industry, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.